The following selected data pertain to Coburg Company's furniture division for last year: Sales Variable costs $4,868,000 $3,000,000 Traceable fixed costs $146,000 Average invested capital (assets) $8,200,000 Current liabilities $481,000 Required rate of return 16% Marginal tax rate 33% Weighted average cost of capital 13% Your answer is incorrect. Calculate the residual income. Residual income $